We examined a long-term, repeat dataset for the koala population within Coffs Harbour Local Government Area. Analyses of these data have led to the conclusion that, following a perceived population decline in the 1980s, the koala population of Coffs Harbour has endured between 1990 and 2011 and showed no evidence of a precipitous decline during this period. Rather, the population change is best characterised as stable to slowly declining. This conclusion appears to contradict a common view of recent koala population declines on the north coast of New South Wales. There are four possible explanations for the population’s apparent stability: that conservation efforts and planning regulations have been effective; that surviving adults are persisting in existing home ranges in remnant habitat; that the broader Coffs Harbour population is operating as a ‘source and sink’ metapopulation; and/or that the standard survey methods employed are not sufficiently sensitive to detect small population changes. These findings do not mean there is no need for future conservation efforts aimed at koalas in Coffs Harbour; however, such efforts will need to better understand and account for a koala population that can be considered to be stable to slowly declining.